There's an online application, however, the accounts only show up for selection if you enter a zip code that's in their market area. So it doesn't appear to be a nationwide deal. Branches are located throughout Washington State, Oregon and Idaho.

My last post on Banner Bank was in April when they had a 2.75% 15-month CD special.

Banner Bank's ratings for safety and soundness are weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been FDIC insured since 1934 (FDIC Certificate # 28489).

Banner Bank is offering a 15-month CD special with a rate of 2.75% APY. Minimum deposit is $2,500, and the maximum is $250,000. The CD has a bump feature that allows a one time bump up in the rate during the life of the CD. The new rate would be based on a similar account type excluding special offers. This typically makes the bump-up feature not a great deal. The rate is listed on the bank's promotion page as of 4/23/09.